BlockWallet Integration with Chainlink
BlockWallet Integration with Chainlink, Blockwallet Web3’s smoothest self-custodial wallet, where you can swap and bridge crypto right on the spot.
BlockWallet has now access to high-quality, tamper-proof price feeds needed to accurately calculate the value of user holdings. This will provide the users with stronger assurances that the USD value of the ETH they’re holding in their BlockWallet account will be accurately displayed. As BlockWallet announced its Integration with Chainlink Price Feeds.
The Integration
Their initial integration involves the use of the ETH-USD Chainlink Price Feed. They chose Chainlink as their go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already helps secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans.
Chainlink Price Feeds
- High-Quality Data — Source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading. Chainlink’s data aggregation model generates more precise global market prices that are inherently resistant to inaccuracies or manipulation of any single or small set of exchanges.
- Secure Node Operators — Secured by independent, security-reviewed, and Sybil-resistant oracle nodes run by leading blockchain DevOps teams, data providers, and traditional enterprises. Chainlink nodes have a strong track record of reliability, even during high gas prices and infrastructure outages.
- Decentralized Network — Decentralized at the data source, oracle node, and oracle network levels, generating strong protections against downtime and tampering by either the data provider or oracle network.
- Reputation System — Provides a robust reputation framework and set of on-chain monitoring tools that allow users to independently verify the historical and real-time performance of node operators and oracle networks.
About Chainlink
Chainlink is the industry-standard Web3 services platform. That has enabled trillions of dollars in transaction volume across DeFi, insurance, gaming, NFTs, and other major industries. As the leading decentralized oracle network. Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data. And off-chain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains.
About BlockWallet
Welcome to Web3’s smoothest self-custodial wallet, where you can swap and bridge crypto right on the spot. Use BlockWallet with all your favorite blockchain apps and feel what it’s like to use a product built with users in mind. Private, secure, and stupidly easy to use.
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